A6
Tuesday, April 26, 2011
Leaf, Volt rated safest electric cars
Business Fr o m s t a f f a n d A P r e p o r t s
LOCAL STOCKS The following quotes on local companies are provided as a service by Smith Barney Citi Group, 112-B Monument Place, 601-636-6914. Archer-Daniels (ADM)..........35.69 American Fin. (AFG) .............34.60 Ameristar (ASCA) ...................19.49 Auto Zone (AZO) ................ 282.50 Bally Technologies (BYI)......37.98 BancorpSouth (BXS).............15.10 Britton Koontz (BKBK) .........12.95 Cracker Barrel (CBRL) ...........50.61 Champion Ent. (CHB).................20 Com. Health Svcs. (CYH) ..........30.68 Computer Sci. Corp. (CSC) ......49.41 Cooper Industries (CBE) .....66.24 CBL and Associates (CBL)..........17.95 CSX Corp. (CSX)......................74.63 East Group Prprties (EGP)........44.78 El Paso Corp. (EP) ..................19.16 Entergy Corp. (ETR) ..............68.65
Fastenal (FAST) .......................65.30 Family Dollar (FDO) ..............51.94 Fred’s (FRED)............................13.60 Int’l Paper (IP) .........................29.54 Janus Capital Group (JNS) ......12.34 J.C. Penney (JCP) ...................37.88 Kroger Stores (KR) .................24.27 Kan. City So. (KSU) ................53.41 Legg Mason (LM) ................ 37.21 Parkway Properties (PKY) ........17.35 PepsiCo Inc. (PEP) .................67.03 Regions Financial (RF) ........... 7.15 Rowan (RDC) ........................... 41.81 Saks Inc. (SKS) ......................... 11.55 Sears Holdings (SHLD) ........ 82.04 Simpson-DuraVent (SSD).......27.76 Sunoco (SUN).......................... 42.47 Trustmark (TRMK) ................. 23.28 Tyco Intn’l (TYC)..................... 48.73 Tyson Foods (TSN) ................ 19.24 Viacom (VIA) ............................ 55.10 Walgreens (WAG) .................. 42.45 Wal-Mart (WMT) .................... 53.35
ACTIVE STOCKS Sales High Low Last Chg AGCO AKSteel .20 AMR AT&TInc 1.72 AbtLab 1.92f AMD Agilent AlcatelLuc Alcoa .12 Altria 1.52 AmIntlGrp Annaly 2.62e ArcelorMit .75 ArchCoal .40 BPPLC .42e BcoSBrasil .70e BkofAm .04 BariPVixrs BarrickG .48 BostonSci BrMySq 1.32 CBSB .20 CVSCare .50 Caterpillar 1.76 Cemex .43t ChinaUni .23e Citigrp Coach .60 CocaCola 1.88f CmtyHlt Corning .20 Cummins 1.05 Deere 1.40 DeltaAir DrSCBrrs DrxFBulls DirxSCBull Disney .40f DowChm 1f ECDangn EMCCp EldorGldg .10f Emulex EndvSilvg ExxonMbl 1.76 FMajSilvg FlagstBrs FordM FordMwt FMCG s 1a FrontierCm .75 GenElec .60f GenMotn Goldcrpg .41 Goodyear Hallibrtn .36 HltMgmt HeclaM HewlettP .32 HomeDp 1f HorizLns Humana iShGold s iShBraz 2.53e iSCan .50e iShHK .45e iShJapn .14e iSTaiwn .29e iShSilver iShChina25 .63e iShEMkts .64e iSEafe 1.42e iShR2K .89e iShREst 1.98e ITW 1.36
14153 45640 20215 24782 8759 25537 10466 37890 20460 11277 8056 11867 8104 10173 11672 8521 111967 28637 42472 15977 8265 7690 8043 12668 12608 9078 383577 8450 30484 9815 14097 16840 11850 74562 13625 15987 10524 8267 9796 10982 11884 8075 9149 10320 10669 7843 15852 367736 12440 25037 10338 83655 27268 14260 17698 12737 9948 24232 28691 24812 7848 8976 8487 10349 8191 11983 16485 17974 280311 13880 66660 17482 69238 8328 17903
59.81 16.95 5.70 30.90 51.44 8.71 49.56 6.33 16.94 26.30 32.00 17.68 36.23 34.75 46.03 11.48 12.53 24.18 51.74 7.38 27.97 24.91 36.40 111.21 8.86 20.09 4.54 57.22 66.76 31.01 20.47 116.29 97.55 9.64 34.50 29.49 89.85 42.03 39.83 26.40 28.38 17.69 9.90 11.00 86.50 21.32 1.41 16.16 7.32 55.21 8.07 20.19 31.51 54.46 16.74 50.49 10.70 9.19 40.50 37.31 1.82 77.80 14.68 78.31 33.69 19.37 10.18 15.62 44.71 46.00 49.93 62.25 84.85 61.15 57.93
57.50 57.90+2.99 16.52 16.64+.70 5.58 5.68+.11 30.66 30.90+.35 51.05 51.16—.16 8.64 8.70 48.42 49.41+1.23 6.27 6.30+.08 16.76 16.88—.02 26.05 26.30+.22 31.55 31.84+.37 17.62 17.64+.03 35.89 35.97—.28 33.79 34.62+.80 45.87 46.03+.05 11.31 11.37—.04 12.40 12.43—.01 23.81 23.82—.49 50.30 50.64—1.22 7.34 7.35+.04 27.82 27.96+.22 24.50 24.70+.01 36.08 36.40+.38 109.85111.15+2.30 8.71 8.74—.06 19.72 19.81—.63 4.49 4.50—.03 56.10 56.57—.51 65.81 66.17—1.57 30.12 30.65—.03 20.31 20.38+.11 114.25116.00+7.80 96.03 97.55+2.83 9.21 9.60+.60 33.91 33.95—.56 29.32 29.48+.33 88.27 89.71+1.36 41.72 42.01+.08 39.39 39.81+.46 25.50 26.37+.91 28.09 28.23—.06 17.37 17.43—.22 9.30 9.79—.56 10.61 10.75—.58 86.26 86.48+.26 20.58 20.78—1.38 1.38 1.39+.01 15.90 16.16+.62 7.10 7.32+.46 54.21 54.77—.02 8.01 8.05+.04 20.00 20.18+.29 31.09 31.17+.03 53.80 54.04—1.04 16.35 16.50+.27 50.23 50.47—.16 10.00 10.68+.29 8.97 9.05—.23 40.06 40.20—.33 36.94 37.10—.46 1.62 1.82+.13 75.50 76.71+4.03 14.62 14.63—.09 77.98 78.30+.13 33.56 33.64+.02 19.28 19.31—.05 10.16 10.18—.03 15.57 15.59+.06 43.83 44.07—1.76 45.71 45.80—.07 49.66 49.78+.01 62.12 62.25+.18 84.35 84.83+.49 60.83 61.14+.21 55.46 57.59+3.18
JPMorgCh 1f JohnJn 2.16 JohnsnCtl .64 JnprNtwk Kinrossg .10 LVSands LaSalleH .44 Lexmark LongtopFn Lowes .44 MGM Rsts MarathonO 1 MktVGold .40e Masco .30 Merck 1.52 MorgStan .20 NewmtM .80f NokiaCp .55e OcciPet 1.84f OfficeDpt PPLCorp 1.40 PepsiCo 1.92 PetrbrsA 1.41e Petrobras 1.41e Pfizer .80f PhilipMor 2.56 Potashs .28f PrUShS&P ProUltSP .39e ProUShL20 ProUSSlvrs ProSUltSilv ProctGam 2.10f PulteGrp Qihoo360n RegionsFn .04 RiteAid SpdrGold S&P500ETF 2.34e Schwab .24 SemiHTr .57e SilvWhtng .12 SilvrcpMg .08 SwstAirl .02 SprintNex SprottSilv SPMatls 1.23e SPCnSt .81e SPConsum .56e SPEngy 1.05e SPDRFncl .16e SPInds .64e Supvalu .35 Synovus .04 TenetHlth TexInst .52 ThermoFis 3MCo 2.20f UBSAG USAirwy UndrArmr UtdContl UPSB 2.08f USBancrp .50f USNGsrs USSteel .20 UtdhlthGp .50 ValeSA .90e ValeroE .20 VangEmg .82e VerizonCm 1.95 WeathfIntl WellsFargo .48f Xerox .17 Yamanag .12a
23653 10638 7703 9238 8940 17546 7832 17947 17912 24900 39730 8669 15906 12883 20299 14751 10709 44870 8115 25189 11792 7714 7671 16281 46887 7966 11334 24371 12788 14668 52513 10426 11837 11349 11671 7802 30640 36893 162320 19532 12848 55246 14504 13914 44837 8067 19967 20561 16475 10707 74740 16993 11636 35513 14423 13948 9441 19336 19913 11245 9849 12669 8049 17401 8034 37177 11450 18681 23583 24752 14166 9486 40116 19923 41021
44.94 64.60 40.19 39.95 15.35 46.35 27.74 33.82 25.54 26.20 13.13 52.65 60.87 13.37 34.69 26.06 57.87 8.73 101.80 4.36 27.16 67.30 33.78 37.96 20.27 68.09 59.23 20.47 54.60 36.18 15.91 328.49 63.81 7.88 35.16 7.24 1.07 146.49 134.30 18.57 36.14 40.19 13.57 11.76 4.84 21.16 40.38 30.92 40.01 78.87 16.16 38.12 11.02 2.60 6.91 35.45 58.60 95.89 19.75 8.54 75.45 22.50 75.00 25.28 11.49 51.64 48.75 33.77 29.36 50.46 37.26 20.59 28.74 10.10 12.59
44.73 44.92+.31 64.07 64.57+.46 39.64 40.00+.40 39.24 39.27—.52 15.16 15.24+.01 45.76 46.02+.03 27.46 27.69—.80 32.00 32.83—5.46 22.92 24.81—.73 25.91 26.07—.27 12.91 13.00—.34 51.86 52.01—.58 59.83 60.06—1.18 13.00 13.15—.24 34.39 34.61+.28 25.82 25.93+.15 56.95 57.34—.45 8.64 8.70+.02 100.32101.52+1.13 4.21 4.32+.18 26.99 27.12+.17 66.85 67.28+.25 33.51 33.65—.05 37.51 37.76—.17 20.00 20.27+.13 67.34 67.65+.05 58.25 59.22+.90 20.34 20.34—.22 54.27 54.59+.50 36.07 36.16—.26 15.30 15.75+1.17 315.73 319.22—25.53 63.28 63.79+.42 7.79 7.85+.05 33.95 34.85+1.38 7.18 7.24+.09 1.02 1.06+.03 145.91 146.05—.82 133.91 134.30+.66 18.25 18.30—.18 35.86 36.11+.21 38.88 39.25—1.79 13.15 13.25—.64 11.57 11.72+.21 4.79 4.81+.01 20.15 20.43—1.09 40.14 40.34+.20 30.81 30.92+.10 39.85 39.97+.10 78.47 78.76+.19 16.11 16.14+.06 37.76 38.12+.60 10.94 11.01+.06 2.52 2.53—.01 6.84 6.89+.01 35.20 35.42 57.01 58.53+1.67 94.39 95.89+1.77 19.58 19.64+.97 8.38 8.52+.24 70.54 71.56—6.91 22.09 22.50+.47 74.29 74.62+.98 25.10 25.28+.23 11.43 11.46+.02 50.18 50.59—1.24 48.05 48.53+.82 33.52 33.62+.05 28.50 28.73—.38 50.20 50.30+.02 37.08 37.25+.26 20.40 20.58—.01 28.55 28.59+.03 10.00 10.07+.04 12.11 12.22—.37
SMART MONEY Q: What reverse mortgage company will keep paying you on your reverse mortgage when it is already upside down? I’m sure a value was agreed upon and the payments will come until this amount is reached. Credit cards don’t work when they are maxed out. — G.G., via e-mail A: You raise an interesting point. Reverse mortgages work like this, assuming there are no other mortgages on a piece of property when making the application and these can be dealt with as well. The mortgage company agrees to pay you in lump sum or installments of a fixed amount of money. This fixed amount ordinarily gives them a very substantial cushion with regard to the overall value of the property, perhaps 50 or 60 percent of the then value. They are committed until you pass away or leave the premises allowing you to stay there as long as the insurance and taxes are paid. The fact that their investment is
The Vicksburg Post
upside down is of no interest to you. The person with the mortgage (since he is “stuck” BRUCE with it) ordinarily will have allowed enough cushion there so he is not in jeopardy. The major jeopardy is, if the person who is granted the mortgage lives an ordinate amount of time, since the amount loaned is in part predicated on the life expectancy when the mortgage is issued. Your analogy about credit cards while seemingly makes sense, does not apply. Once the mortgage is issued, as long as the mortgagee meets his obligations, the mortgage company is on it. •
WILLIAMS
Bruce Williams writes for Newspaper Enterprise Association. E-mail him at bruce@brucewilliams.com.
Grades among first Ford posts best 1Q profit in 13 years for alternately DEARBORN, Mich. (AP) to $2.6 billion, its best first— Ford posted its best first- quarter performance in over powered vehicles quarter profit in 13 years, as a decade, since 1998. DETROIT (AP) — The Chevrolet Volt and Nissan Leaf got top safety ratings in some of the first-ever tests of electric cars by an insurer-funded research group. Both cars earned top scores for front, side and rear-impact crashes and for rollover crash protection, according to results released today by the Insurance Institute for Highway Safety. While both the Leaf and Volt are classified as small cars, the institute said their heavy battery packs put their weight closer to large sedans. The Volt, for example, weighs 3,760 pounds, which is close to the weight of the Chevro-
its new, more fuel-efficient vehicles reached showrooms during a surge in gasoline prices. New arrivals such as the Ford Explorer and Fiesta small car are selling well. Company profits are growing around the world. And Ford is charging more for its cars, helping offset higher commodity costs. Ford Motor Co. said today its profit rose 22 percent
It was the company’s eighth straight quarterly profit in its long climb back from nearbankruptcy five years ago. Ford’s quarterly revenues rose 18 percent to $33.1 billion, far higher than the $30.5 billion analysts were projecting. The company saw especially strong growth in Asia, where revenues jumped 31 percent to $2.1 billion.
let Impala. The Leaf weighs 3,370 pounds, which is similar to a Nissan Altima midsize car. That extra mass helps protect their occupants, since
heavier cars are less likely to be pushed around in a crash. The Leaf runs solely on battery power and has a range of around 100 miles. The Volt can go around 40 miles on an elec-
Facebook launches service that offers group coupons By The Associated Press What happens when you cross the world’s largest social network with one of the hottest business models in e-commerce? Facebook wants to find out. Facebook is launching a deals program today in five U.S. cities, following the popularity of Groupon and other services that offer deep discounts — for example: $50 in food at a local eatery for $25. By allowing small businesses to leverage the Internet while helping consumers score great deals, these group-couponing services have become some of the fastest-growing businesses in the world. Facebook now wants a part of that. It hopes to exploit its existing networks of friends and family when it begins testing offers in San Diego, San Francisco, Atlanta, Dallas and Austin, Texas. Many deals sites have a social component. For instance, if you get three friends to buy a LivingSocial voucher, yours is
free. Groupon’s offers become valid only after a certain number of people buy them. But the deals are circulated to users through e-mail, and the community aspect is secondary. Facebook is hoping to change that. “We’re building a product that is social from the ground up,” says Emily White, director of local for Facebook. “All of these deals are things you want to do with friends, so no teeth whitening, but yes to river rafting.” Starting today, when Facebook users in the five test markets log in to the site, they will see a deals insignia at the bottom of the page. Clicking on it brings up a list of offers. A user can buy one, click the “like” button to recommend it to others or share the offer with friends through Facebook’s private messaging system. When users purchase or “like” a deal, it shows up in their friends’ news feed. “The discovery of the product can happen in lots of different places,” White said.
tric charge before a small gas engine kicks in. The institute said it was the first time it has tested roadworthy plug-in cars. Two golf cart-like electric vehicles, the Gem e2 and Wheego Whip, were tested for research purposes but performed poorly in side-impact tests, the group said. But those cars run at very low speeds and aren’t required to meet federal safety standards. The federal government hasn’t yet released crash-test results for the Volt and Leaf. “What powers the wheels is different, but the level of safety for the Volt and Leaf is as high as any of our other top crash test performers,” said Joe Nolan, the institute’s chief administrative officer. The institute, which is funded by insurance companies, buys the cars it tests directly from dealers.